In this piece, we will look at the stocks that Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed a JPMorgan note suggesting that its clients expected President Trump to be more accommodating when it came to market concerns. Cramer outlined that while he agreed with the gist of the note, he had identified a sharp contrast between the behavior of institutional and retail investors. He explained:
“I actually think this right, but you take a look at that Bank of America survey yesterday, the institutions have been pulling out like mad. This week, last week was the biggest since 2008. So the institutions have had it with this guy. The institutions don’t want any more of this. The individuals, I have a big annual meeting coming up, and I’m gonna kind of shock people, I’m gonna say that the individuals love them. . . . .Well the individual used to get scared. Now the individual says, you know what, this guy has got the best interest of the country. And we’re gonna keep buying. So far they’re right so it’s a little self-fulfilling. The individuals were the backbone of the incredible comeback, do people understand that that comeback from. . .Liberation Day was perhaps one of the most swift and incredible comebacks and it was led by individuals and not by institutions.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on July 9th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
14. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q1 2025: 159
Apple Inc. (NASDAQ:AAPL) is nearly a regular feature of Cramer’s morning show. In this appearance, he discussed the firm in detail and wondered whether CEO Tim Cook’s successor could benefit from having a hardware-focused approach. The discussion kicked off on the news that long-time Apple Inc. (NASDAQ:AAPL) chief operating officer Jeff Williams would retire. Williams was long thought to be Cook’s successor. Here’s what Cramer said:
“Well I’ll tell you this. I got to meet him in a very candid moment, spent some time, you know delightful guy, big think guy and uh, I think that their, the bench of big think is remarkable there but and I won’t say that he would be missed because he’s still there for now but he had the supply chain, but he really had the light touch. And I enjoyed him as I think many people at Apple do. There are a lot of people at Apple, people don’t understand, have that kind of, they’re convivial, they’re uh, they’re really in touch with what you might want. And look I think the guy’s terrific, what am I gonna say, I don’t wanna see anybody terrific leave, or retire. Would he have been a successor? I don’t know, because they’ve got so many people to succeed, Luca Maestri, the incredible CFO. But I don’t wanna see any more turnover.
“[On Morgan Stanley saying Tim Cook’s successor could benefit from having a hardware background] Well look, it’s funny hardware is part of the, I’m glad you mentioned hardware, hardware’s part of the issue of how NVIDIA got to where it is. This is an essentially, there’s a belief in many people on Wall Street and in Silicon Valley, that hardware prevails here because we’re gonna get rid of a huge number of people who would do SaaS, you know, software as a service, and that includes, yes, Salesforce, includes ServiceNow, includes DataDog which got out of the S&P. Because there are going to be fewer and fewer people who are actually in the organization who need that. But that does not mean that you wouldn’t need more Apple.
“[On Melius saying you won’t need to code in the future] It came out at 6:43 and I immediately texted him, and I just said. . .again, their insight is so good. And he just keeps telling me, listen Jim you like this Salesforce is going to be, you ought to get on board. Well get on board, I mean my trust owns Broadcom, we have a huge position in NVIDIA, how much more can I be on board? But this is a session of hardware and the enterprise software guys, well we’re tired of companies who enable you to look at your organization and look at the workflow and we’re going to get rid of a lot of people who do that. That’s where AI is going to impact companies. Is we don’t need as many licenses. . . now back to Apple, look I know what people are thinking at Apple. That one is, is that Dan Ives says Perplexity is a no-brainer. Dan wants to be quoted by everybody. I think that he wanted to be quoted by Musk. I really did. . . no you kind of want Musk to say hey, that’s a great idea and you’re not going to get that. . . Dan has like mortgaged his career on liking Musk.
“Look the people who are retiring from Apple are the people you know. The people who you’re talking about are the people that we kind of hope, but Apple has to not have anybody else leave for a while. And they should have people like Jeff Williams, if he’s going to stay, untill the for the watch, have him stay for years because we just are worried. Those of us who have backed Apple are worried.
“[On Navarro saying Apple thinks they’re too big to tariff] I think that, you know we had Peter on, and I think that what Apple’s trying to was felt they would be good if they went to India. India’s a really important country, should be much bigger than China in a few years. I do think that, Peter’s view is this that when they do make these sweeping commitments like the 500 billion in four years, that they don’t follow up on that. And I’ve gone over this with him many times because I could show you where Apple has followed up. But there’s just a grave disagreement between what Apple has done in Peter’s mind and what they have said they were going to do. So when he’s saying that they were late, they haven’t done it, what he’s really saying is that you can’t trust them, you can’t trust them. And I come back and I say, look I’m not going to go with that, I’m not gonna not trust Tim Cook. And I think that he’s going to follow up, he’s a man of his word. But Peter is convinced they’re not people of their word. That’s a very hard statement. This is a great American company. . . can we just recognize that Apple is a gem? It’s a product that everyone around the world loves. . .and you can’t just suddenly say, you know what, I’m gonna start making them here.
“Look, I’d like them to do Taiwan Semi, I mean Taiwan Semi and NVIDIA, they’re like the shovel ready and they go there, they pick, they watch tomorrow to see what state is the best and then they like go buy some shovels from Caterpillar and get to work. Yes! Yes! I mean I know it’s not optics if it’s Apple, but yes, they need to. And I don’t care which part. But they need to. And I think that maybe they want to do what they think is great for shareholders, and this is a waste of money for shareholders but we have an aggressive administration. And Taiwan Semi went and put real money and I think that Apple is putting real money and somehow it’s not visible.
“I don’t know, it’s a riff, that is, as ugly as I’ve seen, between, it’s like Bethlem Steel and Kennedy, it’s like hey the rich executives now we’re coming after you. And I don’t like it. I don’t like it because . . .Bethlem Steel and I saw they were being paid too much. That made sense to me. This seems to be much more of a let’s break Apple. Well, what did Apple do to break? You know they do need to make a commitment, no well they’ve a 500 billion commitment, they need the commitment to be more visible.”
13. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders In Q1 2025: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most important companies in the world. The firm’s importance is due to the fact that it is responsible for producing nearly all of the world’s high-end chips. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is also investing more than $100 billion in the US as part of its bid to bring some of its advanced chip manufacturing capacity to America. These facilities are being built in Arizona and have already started shipping products to big technology firms. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) rose to prominence by being Apple’s primary chip supplier, and it has also established itself in NVIDIA’s AI chip supply chain. Cramer discussed the firm’s strategy of meeting the Trump administration’s bid to bring back manufacturing to American shores:
“Look, I’d like them to do Taiwan Semi, I mean Taiwan Semi and NVIDIA, they’re like the shovel ready and they go there, they pick, they watch tomorrow to see what state is the best and then they like go buy some shovels from Caterpillar and get to work. Yes! Yes! I mean I know it’s not optics if it’s Apple, but yes, they need to. And I don’t care which part. But they need to. And I think that maybe they want to do what they think is great for shareholders, and this is a waste of money for shareholders but we have an aggressive administration. And Taiwan Semi went and put real money and I think that Apple is putting real money and somehow it’s not visible.”
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s relationship with NVIDIA led Cramer to comment in June that the stock had acted as a proxy for the AI GPU company’s stock. Here’s what he had said:
“Taiwan Semi was the proxy, as that went up you could buy NVIDIA.”
12. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders In Q1 2025: 106
ServiceNow, Inc. (NYSE:NOW) is a software-as-a-service company that enables businesses to automate their workflows and manage their IT operations. It is among the handful of companies that have had to adapt their businesses to AI. ServiceNow, Inc. (NYSE:NOW)’s shares have lost 8% year-to-date despite having jumped by 25% in April. The stock rose after the firm’s first-quarter earnings report saw it beat analyst EPS and revenue estimates of $3.83 and $3.08 billion by posting $4.04 and $3.09 billion. Crucially, the shares were also helped by the low end of the firm’s fiscal second quarter subscription revenue estimate of $3.03 billion beating analyst estimates of $3.02 billion. Cramer discussed the effect of AI on ServiceNow, Inc. (NYSE:NOW)’s business:
“[On Morgan Stanley saying Tim Cook’s successor could benefit from having a hardware background] Well look, it’s funny hardware is part of the, I’m glad you mentioned hardware, hardware’s part of the issue of how NVIDIA got to where it is. This is an essentially, there’s a belief in many people on Wall Street and in Silicon Valley, that hardware prevails here because we’re gonna get rid of a huge number of people who would do SaaS, you know, software as a service, and that includes. . .includes ServiceNow. . . . Because there are going to be fewer and fewer people who are actually in the organization who need that.”
Previously, Cramer had discussed ServiceNow, Inc. (NYSE:NOW)’s business offerings and AI:
“Alright, ServiceNow. Well, we love ServiceNow, okay? ServiceNow is, you know, we’ve got corporate software that also is AI, okay. It’s enterprise software with AI.”
11. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders In Q1 2025: 140
Salesforce, Inc. (NYSE:CRM) is a SaaS company that provides customer relationship management software. The firm has spent a large portion of 2025 locked in a fierce battle with Microsoft for AI CRM supremacy. Salesforce, Inc. (NYSE:CRM)’s shares have lost 20% year-to-date as investors are worried not only about the firm’s AI platform Agentforce showing modest market penetration but also about its non-AI businesses underperforming in today’s AI-driven enterprise software industry. Cramer discussed the effect of AI on Salesforce, Inc. (NYSE:CRM):
“[On Morgan Stanley saying Tim Cook’s successor could benefit from having a hardware background] Well look, it’s funny hardware is part of the, I’m glad you mentioned hardware, hardware’s part of the issue of how NVIDIA got to where it is. This is an essentially, there’s a belief in many people on Wall Street and in Silicon Valley, that hardware prevails here because we’re gonna get rid of a huge number of people who would do SaaS, you know, software as a service, and that includes, yes, Salesforce. . . . Because there are going to be fewer and fewer people who are actually in the organization who need that. But that does not mean that you wouldn’t need more Apple.”
Cramer discussed the divide in Salesforce, Inc. (NYSE:CRM)’s products in his earlier remarks:
“Now this is tough for me, because my charitable trust owns Salesforce. And Salesforce, even though it’s embraced agentic, is regarded as company, that well you know what they have a lot of stuff that really doesn’t do anything. How about that Texas Instruments? And it’s a nice renaissance.”
10. Datadog, Inc. (NASDAQ:DDOG)
Number of Hedge Fund Holders In Q1 2025: 84
Datadog, Inc. (NASDAQ:DDOG) is a software company that works primarily with cloud computing providers and users. The firm’s products allow customers to monitor their platforms in real-time. Datadog, Inc. (NASDAQ:DDOG)’s shares have lost 4% year-to-date, primarily on the back of an 11% dip in July. The shares have lost ground this month because of a downgrade from Guggenheim, which reduced the rating to Sell from Neutral and set a $105 share price target for the company. Cramer discussed how AI has harmed Datadog, Inc. (NASDAQ:DDOG):
“[On Morgan Stanley saying Tim Cook’s successor could benefit from having a hardware background] Well look, it’s funny hardware is part of the, I’m glad you mentioned hardware, hardware’s part of the issue of how NVIDIA got to where it is. This is an essentially, there’s a belief in many people on Wall Street and in Silicon Valley, that hardware prevails here because we’re gonna get rid of a huge number of people who would do SaaS, you know, software as a service, and that includes, yes, Salesforce, includes ServiceNow, includes DataDog which got out of the S&P. Because there are going to be fewer and fewer people who are actually in the organization who need that.”
Baron Funds mentioned Datadog, Inc. (NASDAQ:DDOG) in its Q1 2025 investor letter. Here is what the fund said:
“Most of our companies do not sell goods but instead provide critical services to their customers.Datadog, Inc. (NASDAQ:DDOG), the leading cloud-based observability platform, has seen its stock decline by over 30% year-to-date because its revenues are based on consumption/usage and would likely be impacted by any significant cyclical downturn. However, its competitive position has gotten stronger, its market share is continuing to rise, and it is indexed to promising long-term secular trends of cloud adoption and accelerating app development, and is well positioned for AI as the critical central IT infrastructure platform for its customers.”
9. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q1 2025: 104
Tesla, Inc. (NASDAQ:TSLA) is the world’s largest electric vehicle manufacturer. Cramer has discussed the firm regularly in his morning shows this year. The CNBC TV host believes that Tesla, Inc. (NASDAQ:TSLA) narrative should be driven by humanoid robots and self-driving instead of EV deliveries. The shares have lost 18.3% year-to-date as investors have fluctuated from being optimistic about self-driving and robotaxi plans to worrying about Musk’s tensions with President Trump and falling vehicle deliveries. Cramer discussed Tesla, Inc. (NASDAQ:TSLA) in the context of President Trump announcing a 50% tariff on copper:
“Okay so Tesla has a 180 pounds of copper. These electric vehicles are filled with copper. And a typical ICE vehicle has far fewer. Now candidly, Musk is trying to get this down to 40 pounds. But if you didn’t know better you would say boy this is really aimed at, at Tesla. . . If I were Elon, which I’m most certainly not. . .I would say holy, he’s coming after me, I’m a copper user. But everybody uses copper. . . most of the world’s copper is used by China.”
Previously, Cramer had discussed Tesla, Inc. (NASDAQ:TSLA) after a William Blair downgrade:
“[On William Blair downgrade citing EV and regulatory credit loss as driving the decison] I read and plus the story about China and how they’re lagging. And I come back and say okay, when you make those two points, tomorrow there’ll be someone who says, look it’s not a caa company. It’s humanoid and it’s self driving. And that ability to be able to select why you like the stock of Tesla is something that is beginning to annoy me. I happen to like Tesla but I’m just saying I like it for humanoid, I like it for self driving. Forget about the car because those are better markets. But these guys are like, the deliveries are bad, I’m gonna downgrade. You know come on, just be consistent. Be consistent. This thing is a juggernaut when it comes to humanoid and when it comes to self driving and that’s what I care about.”
8. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holders In Q1 2025: 139
UnitedHealth Group Incorporated (NYSE:UNH) is the largest healthcare benefits provider in America. It is also one of the worst-performing stocks in 2025 as the shares have lost 40% year-to-date. UnitedHealth Group Incorporated (NYSE:UNH)’s shares sank by a massive 27.3% in April after the firm stunned investors by missing analyst estimates for its latest quarter. Cramer’s recent remarks about the firm discussed media reports of impropriety and pointed out that UnitedHealth Group Incorporated (NYSE:UNH) wouldn’t be buying shares if they were true. However, this time, he had a much darker tone:
“[On a WSJ report that UNH deploys doctors and nurses to gather diagnoses that bolster its payments with UNH responding that it welcomes reviews] Well I’m glad they welcome it but I do want to caution them, and I think I happen to like this CEO very much, but Medicare fraud is prison. It’s not, hey listen we’ll slap UNH on the wrist. It’s prison. And it’s probably the most I think easily, the crimes are easily followed and the judgement is swift. The reason why people are so focused on this is that it’s not a fine.”
Previously, the CNBC host discussed UnitedHealth Group Incorporated (NYSE:UNH) in detail:
“The third worst performer was, wow, UnitedHealth Group, suddenly very troubled managed care company that used to be the ultimate darling in the group. It’s down 38% in the first half. UnitedHealth’s troubles are very well documented. I’m not even talking about the assassination last December, as terrible as that was. The real trouble started in April when the company reported a weak quarter, dragged down by high utilization rates, meaning people are getting much more healthcare than UNH… needs to pay for.
What’s starting to become clear is that the company made some major missteps with its underwriting, especially with Medicare Advantage plans for seniors. They’re far from the only one in the industry with this problem, but UNH might be the hardest hit. This is the largest player in the Medicare Advantage space with the most extensive data, and they really should have been able to avoid these mistakes. They almost always have, but clearly, they didn’t.
The company made a change in the top mid-May with CEO Andrew Witty stepping down for personal reasons. Turning around UNH is now the job of Stephen Hemsley, whom I really like. He was previously CEO from 2006 to 2017. And there’s some nascent optimism that he can get this business back on track, but I don’t necessarily think this will happen quickly. If you’re inclined to bet on a UNH comeback, I suggest that you take it slowly because you got all the time in the world. You actually might even want to wait to see the next quarter, which could be what we call a clearing event for the negatives.”
7. Centene Corporation (NYSE:CNC)
Number of Hedge Fund Holders In Q1 2025: 64
Centene Corporation (NYSE:CNC) is another healthcare benefits management company. The firm’s shares were decimated in July after they fell by an unbelievable 41%. The stock was obliterated after Centene Corporation (NYSE:CNC) stunned investors by pulling its fiscal year 2025 guidance. The firm explained that weaker enrollments and higher-than-expected illnesses among patients had fueled the decision. Safe to say, “brutal” might be an understatement for the blow dealt to Centene Corporation (NYSE:CNC):
“Centene was so brutal. Brutal because the late Michael Neidorff, who was just a regular guest on Mad Money, he figured out how to provide high care, good care for HCA. But if you’re not going to get paid, it’s the worst possible combination.
“No I mean look it’s not the hospitals which always win and it’s certainly not the middlemen. . . . .Centene is a remarkable company that was just great for people that are really in need. And that was their stock and trade. But they’re not going to be compensated for it? Or compensated less? It’s just unfathomable how bad that is for individuals. It’s terrible for individuals. I mean I know that we talk a lot about shareholders . . .I’m certainly guilty of that but there’s bad for individuals and I think people should recognize that they saved money at the wrong place I think when it comes to this. I don’t want to be judgemental, because then you say, oh Jim well you got more money, no, no, it was bad for individuals.”
Previously, Cramer discussed Centene Corporation (NYSE:CNC)’s business after the 40% crash:
“Today, some of the biggest losers in the market were a handful of managed care companies led by a company called Centene… That stock plunged over 40%. This is the worst single-day performance on record because last night after the close, the company withdrew its full-year forecast…
Now, after its preliminary analysis of the data, Centene told us that it now expects a $1.8 billion reduction in its expected risk adjustment revenue transfers from the federal government, and that is a huge hit, people. As a result, management expects a $2 and 75 cents hit to earnings per share this year, which is horrifying given that as of the most recent update in late April, Centene was looking to earn more than $7 and 25 cents per share for 2025. So what are we talking? We’re talking about a 35 to 40% hit to their numbers. No wonder the stock was eviscerated…
What last night’s announcement from Centene indicates is that there’s already some attrition in healthcare exchange enrollment… And worse, what they’re finding out is that the population that’s remaining for the Obamacare exchanges is less healthy… Basically, the people who are leaving the healthcare exchanges are actually some of the people that insurers want to cover, healthier people who pay their premiums but don’t require much medical care.
And what’s left now that the more healthy people are no longer enrolling is a less healthy population, which, of course, is bad news for the insurers. Because Centene’s the largest player in the healthcare exchange space, they’re getting the hardest hit, okay? Unfortunately, I think the situation’s only going to get worse. In order to account for the new situation, Centene will likely have to raise its premiums, which will lead to fewer people enrolling…
… So here’s the bottom line: Given this news from Centene, I think the whole managed care industry is borderline uninvestible right now, and unfortunately, things will get worse for the sector before they get better. So I just can’t justify telling you to own these stocks right now, even after they’ve already come down so dramatically. Very painful story, very.”
6. McKesson Corporation (NYSE:MCK)
Number of Hedge Fund Holders In Q1 2025: 78
McKesson Corporation (NYSE:MCK) is one of the largest healthcare services providers in America. In his earlier comments about the company, Cramer discussed that regulatory challenges could continue to deal significant blows to the firm and its peers. McKesson Corporation (NYSE:MCK)’s stock has gained 26% year-to-date despite falling by 8.9% in April after the Liberation Day tariff announcements. The stock has performed well due to multiple catalysts, such as strong earnings reports and dividend increases. Here is what Cramer said about McKesson Corporation (NYSE:MCK):
“No I mean look it’s not the hospitals which always win and it’s certainly not the middlemen. . .And if you told me McKesson was down three quarters, I’d say well fill her up.”
Previously, he mentioned McKesson Corporation (NYSE:MCK) shares and the potential of government action:
“These stocks, namely Cardinal Health, Cencora, and McKesson, are seemingly perpetual residents on the new high list. Over the long haul, they’re some of the best performers out there, and they’ve done great this year, as is pretty much always the case. And yet, doesn’t it always feel like the drug distributors are just one bad day away from falling apart… The last quarter from the major drug distributors came from McKesson, and that was last Thursday night, which delivered yet another very strong set of numbers… Like the others. McKesson had a top-line miss, in this case, actually a pretty sizable one, but still delivered a significant earnings beat, and gave a higher-than-expected full-year earnings forecast in a vacuum.
I think the McKesson quarter was strong enough to spark a nice rally for the stock last Friday. But we don’t live in a vacuum, do we?… The big negative development for the drug distributors came midweek when Politico reported that President Trump would be reviving an effort to dramatically cut drug costs by adopting what’s known as the Most-Favored-Nation pricing for Medicare…
As a result, all the drug distributors are either flat or slightly lower this week… so that’s the conundrum with these middlemen, Cardinal, Cencora, and McKesson are all doing incredibly well, but like I said before, there always seems to be a threat that they could be regulated out of existence.”
5. Cencora, Inc. (NYSE:COR)
Number of Hedge Fund Holders In Q1 2025: 58
Cencora, Inc. (NYSE:COR) is an American pharmaceutical and healthcare services provider. It is a rare stock in its peers that is in the green this year. Cencora, Inc. (NYSE:COR)’s shares have gained 32.30% year-to-date as the firm has benefited from being insulated against tariffs and the Most Favored Nation drug policy. The strong backdrop has also allowed it to raise its earnings guidance. In May, Cencora, Inc. (NYSE:COR) raised its profit per share guidance to $15.70 and $15.95 from an earlier $15.30 to $15.60. In his comments, Cramer shared that he’d buy the stock even if it dipped by 50%:
“No I mean look it’s not the hospitals which always win and it’s certainly not the middlemen. I mean if you told me Cencora was down 50%, I’d say why don’t you double down and buy a lot.”
Previously, the CNBC host discussed Cencora, Inc. (NYSE:COR) and its peers in detail:
“These stocks, namely Cardinal Health, Cencora, and McKesson, are seemingly perpetual residents on the new high list. Over the long haul, they’re some of the best performers out there, and they’ve done great this year, as is pretty much always the case. And yet, doesn’t it always feel like the drug distributors are just one bad day away from falling apart… The last quarter from the major drug distributors came from McKesson, and that was last Thursday night, which delivered yet another very strong set of numbers… Like the others. McKesson had a top-line miss, in this case, actually a pretty sizable one, but still delivered a significant earnings beat, and gave a higher-than-expected full-year earnings forecast in a vacuum.
I think the McKesson quarter was strong enough to spark a nice rally for the stock last Friday. But we don’t live in a vacuum, do we?… The big negative development for the drug distributors came midweek when Politico reported that President Trump would be reviving an effort to dramatically cut drug costs by adopting what’s known as the Most-Favored-Nation pricing for Medicare…
As a result, all the drug distributors are either flat or slightly lower this week… so that’s the conundrum with these middlemen, Cardinal, Cencora, and McKesson are all doing incredibly well, but like I said before, there always seems to be a threat that they could be regulated out of existence.”
4. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders In Q1 2025: 104
The Walt Disney Company (NYSE:DIS) is a well-known American media and entertainment company whose shares have benefited from robust management in 2025. The stock has gained 9.7% year-to-date as the firm has seen catalysts through a growing subscriber base for its streaming service. Cramer has also noted The Walt Disney Company (NYSE:DIS)’s strong media performance and added that investors also need to focus on the firm’s cruise ship and theme park businesses. Here are his recent remarks about the firm:
“You know I’ve got my annual meeting for our club on Friday, and I’m getting bailed out here on a name that has just continued to be right for me after being wrong for some time. It’s Disney! Both Citi and Barclays saying really positive things. Barclays by the way, says that legacy media could surprise the upside. I can’t recall when legacy media could surprise the upside. So watch the stock take off as people realize the old, the Bob Iger Disney is back. And the Bob Iger Disney is a surprise to the earnings estimates. And by the way, Hugh Johnston there, the CFO, he’s the master of underpromise, overdeliver. He’s also the master of being an incredibly nice man.”
Previously, the CNBC host also mentioned The Walt Disney Company (NYSE:DIS)’s CFO:
“Why doesn’t Hugh Johnson get any credit [for improving performance], the CFO. Well look, the theme park’s now [inaudible]. What’s really interesting is they’re now starting to talk about the cruise ships in 26′. I would have waited until 27′. But I do think that Disney had a great quarter, I think that Hugh Johnson plays a big role and James Gorman is going to play a big role.
“He [Bob Iger] did bring back stability. Stability is working.”
3. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Number of Hedge Fund Holders In Q1 2025: 60
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a media and entertainment firm known primarily for its film production business. Its shares have somewhat struggled this year as investors have fretted about retaliatory tariffs against American films by other countries. Recently, Warner Bros. Discovery, Inc. (NASDAQ:WBD) announced that it will split into two companies to separate its news and entertainment businesses. The shares have gained 31.9% since May, and Cramer commented on the recent stock performance:
“[On the comeback] How about Zas huh! I know [the Superman buzz is real] I talked to Zas this morning, everybody in the business knows that it works for Zas, Zaslov, because people know that he is. . .everybody knows he’s one of the most convivial, kind guys. Why am I emphasizing whose nice and who’s not? Because the companies that have executives these days who are supposed be cordial, and outgoing and terrific like a Jassy. They’re being cut slack. We’re just in some era that maybe it’s defined by Chuck Robbins. Who I think is the ultimate gentleman. We see this again and again. We see a discourse that is opposite of the White House.”
Previously, he shared that he was impressed by Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s film business:
“They have a deal with Disney. Look I happen to think the company’s worth more than it’s selling for because I love the studio. Studio business is a great business.
“No I mean they they still have a lot of characters they don’t seem to, doesn’t seem to create the value that I keep thinking.”
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q1 2025: 212
NVIDIA Corporation (NASDAQ:NVDA) is once again the world’s most valuable company. The firm’s shares have gained 41% since May and propelled it to the top of the market valuation pyramid. NVIDIA Corporation (NASDAQ:NVDA) has been helped by the fact that analysts have increasingly grown optimistic about the long-term demand for AI. However, Cramer was careful to note that apart from AI, NVIDIA Corporation (NASDAQ:NVDA) can also benefit from the growth in accelerated computing. He discussed the firm’s CEO and accelerated computing in detail:
“Oh there you go. Alright, hey, who is the leader of nicest guy on Earth! Jensen Huang. I mean Jensen Huang comes in peace. I remember when he didn’t like Zuckerberg because he thought it was about combat. And then Zuckerberg, pivots! I mean people have to understand that Jensen Huang when you meet Jensen, you think he’s just a guy who’s just a gamer and has no concept of how wealthy he is. I mean I’m telling you these guys, I know that there’s a tenor, especially in New York City, about rich people and how they conduct themselves. This man’s made more millionaires than anyone in America. And he just is so grateful that people made money with NVIDIA. And I just feel like I gotta say this stuff. He is not the beneficiary. It’s everybody he’s brought along.
“The real Jensen deserves everything. And people don’t understand this man’s changed the world and it’s not just AI. It’s rapid computing. Okay. The faster you are in accelerated computing, the more things you can do. And this is the man that made it so that we’re gonna have robots that make our beds and clean our toilets instead of him. . .Don’t forget when CoreWeave was struggling with its deal, what did he do? He came in and said listen I’ll buy as much CoreWeave as possible. Now, it was viewed as a charity mission. But he bought it at 40. This man is so smart. Does he ever make you feel that you’re dumb? No, he makes you feel that you’re smart.
“It does feel like there’s a let’s get it there momentum. I don’t like that I like it based on new accelerated computing or something new involving Blackwell or Rubin but it’s just on momentum.
“Look it’s the evolution of hardware. It is, if it were just AI, generative AI, that would be one thing. But it’s accelerated computing. People don’t give that enough credit. And I think this time is not software time. It’s not Exxon’s time, it’s the idea that we have a leader in the world of hardware. Remember there’s a ton of software in NVIDIA and there’s nobody that’s near them. Nobody that’s near them.
“Again, please don’t buy NVIDIA cause you want to say, yes I bought it over. Because that’s like going to the watch party. And watch parties never succeeds. Well, watch party never fits.”
1. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q1 2025: 273
Meta Platforms, Inc. (NASDAQ:META)’s shares have gained 21% year-to-date and made it one of the top-performing big tech stocks in 2025. Cramer’s previous comments about the firm have pointed out that it has a low earnings multiple despite the 2025 share price gains. He has also attributed Meta Platforms, Inc. (NASDAQ:META)’s performance to its advertising business and strong cost-cutting efforts. However, the CNBC TV host does not believe that the firm is executing well in its AI business. Here are his recent thoughts about Meta Platforms, Inc. (NASDAQ:META), which discussed the firm taking a minority stake in eyewear company Luxottica:
“[On a minority stake in Luxottica to boost the metaverse] Well he had it before, remember when I was out with the Luxottica people out in the Hamptons, actually Montauk that’s David’s area and there was a party there to celebrate the fact that, that they got this deal. I bought the glasses, my most recent doesn’t have, it doesn’t have the language capacity. Maybe I can downgrade it didn’t have it when I was in Belgium, I said tell me this in, give me something in Dutch and it’s like sorry I don’t speak that. Which was a bummer. But I bought them.”
Cramer recently discussed Meta Platforms, Inc. (NASDAQ:META)’s valuation multiple. Here’s what he said:
“Meta still has a low multiple. Meta’s recreating and. . .remediating the entire advertising business. Along with Amazon and along with YouTube. And Meta’s the leader.”
While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.
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